Small Price and Rate Changes Make a Big Difference for Homebuyers

January 9th, 2019

“NAHB’s latest estimates show that nationally, a $1,000 increase in the price of a median-priced new home (using the national figure of $355,183) will price 127,560 U.S. households out of the market. Based on their incomes and standard underwriting criteria, each of these households would be able to qualify for a mortgage to purchase the home before the price increase, but not afterward.”

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